Which of the following is NOT a part of the capital receipts?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Tax revenue.
Capital receipts refer to funds received by the government that create a liability or reduce financial assets, such as disinvestment, recovery of loans, and borrowings. These are non-recurring in nature and affect the government’s balance sheet. In contrast, tax revenue is a revenue receipt, as it is received regularly without any obligation to repay and does not impact the government's assets or liabilities directly.